Date

:

06-02-2022

View PDF File

Material Information:

With reference to the previous disclosure dated 12/15/2021 regarding the postponement of the deal and the prior disclosure dated 16/09/2021 regarding the signing of an exit contract from land in the United Arab Emirates, we would like to inform that the deal was canceled for not completing the transfer of the amount at the agreed time. This will result in the cashing of the guaranteed cheque and as a result, the share of Al-Imtiaz Investment Group and its subsidiaries is AED 2.5m.

 

Significant effect of the material information on the  financial position of the Company:

Realize a gain of KD186,316 when the amount is received.